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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
Levy, Daniel; Young, Andrew - EconWPA - 2004
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...
Persistent link: https://www.econbiz.de/10005412575
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THE NIGERIAN COAL CORPORATION: AN EVALUATION OF PRODUCTION PERFORMANCE(1960 1987)
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005
COAL WAS DISCOVERED IN NIGERIA IN 1909 AND COAL MINING STARTED WITH A DRIFT MINE AT OGBETE, ENUGU IN 1915. SINCE 1958/59, WHEN COAL PRODUCTION REACHED ITS PEAK, THERE HAS BEEN A PERSISTENT FLUCTUATION IN THE AMOUNT OF COAL PRODUCED IN SUBSEQUENT YEARS. THIS PAPER THEREFORE INVESTIGATES THE MAJOR...
Persistent link: https://www.econbiz.de/10005412925
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THE NIGERIAN SUGAR INDUSTRY(1960 - 1987)
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005
THE CONCEPT OF AN INDUSTRY IS IMPORTANT FOR ECONOMIC ANALYSIS. HERE, WE DEFINE SUGAR INDUSTRY AS GROUP OF FIRMS PRODUCING SUGAR THAT ARE CLOSE SUBSTITUTES BY THE USE OF IDENTICAL PRODUCTION PROCESSES AND RAW MATERIALS. HOWEVER, SUGAR INDUSTRY IN NIGERIA WAS STILL IN ITS PIONEERING STAGE. THIS...
Persistent link: https://www.econbiz.de/10005412927
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Economic FAQs About the Internet
MacKie-Mason, Jeffrey K.; Varian, Hal R. - EconWPA - 1996
This is a set of Frequently Asked Questions (and answers) about the economic, institutional, and technological structure of the Internet. We describe the history and current state of the Internet, discuss some of the pressing economic and regulatory problems, and speculate about future developments.
Persistent link: https://www.econbiz.de/10005561459
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Value Creation and Profit Optimization
Winther, K. Tobias - EconWPA - 2002
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
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Can Rivalry Increase Prices?
Roessler, Christian - EconWPA - 2005
Spatially differentiated duopolists set higher-than-monopoly prices at some distances. This phenomenon is shown to occur in any finite- dimensional space for a class of reservation prices that covers concavity and convexity in perceived distance from a design. But an upper bound on the...
Persistent link: https://www.econbiz.de/10005561854
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Some Critical Provisions in the Antimonopoly Laws of Central and Eastern Europe
Pittman, Russell - EconWPA - 2001
Antimonopoly laws must contain effective provisions for the attack of exclusionary behavior by firms with market power while at the same time not attacking procompetitive behavior by entrants or incumbents. This paper suggests seven textual criteria by which a new law may be evaluated in its...
Persistent link: https://www.econbiz.de/10005561465
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Equilibrium Vertical Foreclosure in the Repeated Game
Normann, Hans-Theo - EconWPA - 2004
This paper analyzes if vertical foreclosure can emerge as an equilibrium outcome of an infinitely repeated game …. Foreclosure is profitable due to a 'raising rival's costs' effect but it is not a Nash equilibrium of the static game. The results … are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …
Persistent link: https://www.econbiz.de/10005076896
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Altruism, Spite and Competition in Bargaining Games
Montero, Maria - EconWPA - 2005
This paper shows that altruism may be beneficial in bargaining when there is competition for bargaining partners. In a …
Persistent link: https://www.econbiz.de/10005124853
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Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry.
Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002
This paper analyses market competition between two different types of credit card platforms: not … competitive conditions within the not-for-profit platform and are affected by the strength of inter-platform competition. We also …
Persistent link: https://www.econbiz.de/10005076892